The shares are offered at 66 cents each. Besides these two tranches, the company has sold nearly $107.4 million worth of shares to cornerstone investors including the likes of Osim founder Ron Sim.
Some $121.7 million in proceeds have been raised from the third non-REIT Mainboard IPO this year.
See: GHY Culture & Media sets its sights on 'Nanyang'
“The positive response is a testament of investor confidence in GHY’s robust financials, capabilities and business strategies,” says executive chairman and group CEO Guo Jingyu.
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“We look forward to leveraging on our strengthened market position to expand our international reach and regional presence,” he adds.
At the offer price, GHY will have a market value of around $708.7 million.
Trading of GHY’s shares will start at 9 am on Dec 18.
